logo
Japanese startup uses AI to cross trade barriers

Japanese startup uses AI to cross trade barriers

Axios27-05-2025

A Japanese company is using AI to bridge trade, language and culture gaps — one solution for a world where historic bonds are loosening, but consumer demand is as strong as ever.
Why it matters: If it works, it's a potential model for small businesses and creators around the world to access the U.S. market at a time of growing obstacles to international commerce.
Catch up quick: Monoya launched in late 2024 as a wholesaler of the work of Japanese artisans to the international home goods market.
Many of these artisans don't speak English, don't sell internationally and don't have a commercial infrastructure.
Yu Shimada, a former McKinsey consultant born in Japan and raised in New York, launched Monoya to bridge that gap. The company is backed by WAY Equity Partners, which invests in Japanese tech startups.
More than 90% of what it sells, Shimada says, isn't available in the U.S. market otherwise.
Driving the news: On Tuesday Monoya is taking the wraps off Monoya Connect, an AI sourcing platform to more directly connect sellers and buyers.
"The domestic market is shrinking, the one critical strategy we need to do is go outside of the country," Shimada told Axios.
The tool will provide a range of translation and design data services to more directly connect artisans and international vendors.
The intrigue: Shimada acknowledges AI is not perfect for all uses cases yet, — but the goal isn't to promote an AI platform, it's to use the technology as a tool.
"Having them understand this AI concept is not something I'm doing. I'm having them understand that with this tool it's going to solve their problems in a way, and we're using this thing called AI," he said.
Between the lines: Monoya is launching its new platform at a fraught time for global commerce, with the U.S. effectively charging the highest tariff rates in almost a century.
Shimada's argument is that a possible tariff isn't the biggest problem his sellers face — it's shipping, with rates rising around the world.
The bottom line: Even with rising trade pressures, Shimada said Japanese artisans can still be a solution for big U.S. brands.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'White Lotus' star Jason Isaacs reflected on managing money 'immaturely.' A financial planner breaks down how to avoid doing the same.
'White Lotus' star Jason Isaacs reflected on managing money 'immaturely.' A financial planner breaks down how to avoid doing the same.

Business Insider

time2 hours ago

  • Business Insider

'White Lotus' star Jason Isaacs reflected on managing money 'immaturely.' A financial planner breaks down how to avoid doing the same.

For a movie star, Jason Isaacs says his financial situation isn't what you'd expect. "People will think I have huge stockpiles of money," the "White Lotus" star told Vulture in an interview published on June 16. "But sadly, what I've done rather immaturely is expand my outgoings to match my incomings and pretty much spent everything I've earned over the years." The English actor has more than 168 credits on IMDB dating back to 1988, including iconic roles such as Lucius Malfoy in the Harry Potter film adaptations and Col. William Tavington in the 2000 hit "The Patriot." But while Isaacs has long enjoyed a high-powered and lucrative career — Business Insider previously reported he, and every other top-billed actor on the show, earned $40,000 per episode of "White Lotus" — his admission is indicative of a common financial misstep that plagues high-earners: lifestyle creep. "It's really common to have lifestyle creep, and it's basically this phenomenon: When you earn more money, you spend more money," Robert Persichitte, a certified financial planner, told Business Insider. "People will see extra money in their bank account, and then they'll spend it, and then they get used to it, and it gets kind of locked into your lifestyle — and it becomes really, really difficult to get out of it." Representatives for Isaacs did not immediately respond to a request for comment from Business Insider. 'Do you want to be rich, or do you want to be wealthy?' Lifestyle creep is most insidious when you begin spending your extra income on big-ticket items like expensive cars, fancy homes, or recurring subscription expenses like gym memberships, Persichitte said. That's not to say more modest luxuries like spa services or a trendy wardrobe can't add up, but he said those types of transactions are easier to stop splurging on if your financial situation changes. "It's a very common scenario: You get somebody who has their first high-paying job, and they get excited, they go out and spend it, and then about six months later, they realize they hate that high-paying job," Persichitte said. "If you bought a new car or bought a new house, that is a very, very difficult decision to walk back." Isaacs is far from the only celebrity to experience a problem with lifestyle creep. Al Pacino, in his 2024 autobiography, said he went from a $50 million fortune to "broke" because he didn't control his spending. Other stars — from Michael Jackson to Mike Tyson — have also racked up tremendous amounts of debt despite having multimillion-dollar incomes. While it may be tempting to adopt a more lavish lifestyle or emulate your favorite celebrity's spending habits if you receive a promotion or financial windfall, Persichitte cautions against it. Persichitte recalled a 2008 Time interview with Flo Rida, in which the rapper said mogul Rick Ross advised that, in order to make more money, Flo Rida should spend "with the confidence of someone who knows he's going to make a lot more." "I wouldn't recommend that," Persichitte said. "And the logic to me is: Do you want to be rich, or do you want to be wealthy?" The difference is that a rich person's financial situation hinges on their next paycheck, which means a job loss or emergency or an impending prison sentence — which was likely in the future for Isaacs' character in "White Lotus" — could make it all crumble. In comparison, Persichitte said, a wealthy person has long-term stability because they've prioritized sound investments that allow them more control over their finances. The easiest way to avoid lifestyle creep is to have a plan for your money so it's not just sitting in your bank account, Persichitte said. Whether that be a 401(k) or locking some portion of your funds away in a CD account, nearly anything is better than having your liquid cash available in your checking account — but "the more invisible, the better," he added. "The further away you can keep that money from the checking account, the less likely you are going to have that lifestyle creep," Persichitte said. "If your net pay doesn't go up, you don't feel rich, and you don't feel the need to spend." Speaking to Vulture, Isaacs said that he has turned down multiple roles over the years that would have offered him a more substantial nest egg to lean back on. While he said he doesn't regret the moves "careerwise or artistically," he acknowledged it is a financial sore spot for him. "There's a number of things I could have done over the years that would've made me rich," Isaacs said. "And now that I'm toward the autumn of my career, I think maybe I'm an idiot and I should have done some of those things and just banked it, because other people do."

10 most expensive transfers in soccer history: Where does Florian Wirtz rank?
10 most expensive transfers in soccer history: Where does Florian Wirtz rank?

Fox Sports

time4 hours ago

  • Fox Sports

10 most expensive transfers in soccer history: Where does Florian Wirtz rank?

Liverpool made a splash on Friday when they signed German midfielder Florian Wirtz in a deal that could become the biggest ever in English Premier League history. Liverpool could pay up to $156 million once add-ons are achieved to German side Bayer Leverkusen, which would break the Premier League mark set by Chelsea signing Endo Fernandez from Benfica for $130.5 million. Wirtz played at Leverkusen for five seasons and helped the club win its first ever Bundesliga League title in 2023. Now, he'll join the defending champions of the EPL, as well as the list of the highest-paid soccer players in the world. What players have commanded deals similar to the record-breaking one Wirtz just received? Here's a look at the top 10 most expensive transfers in soccer history and how they played out: 10. Jack Grealish: $126.8 million Jack Grealish's $126.8 million transfer from Aston Villa to Manchester City looks much better now than it did at the start. After struggling mightily in his first season with the Sky Blues, Grealish was a key contributor during City's treble-winning 2022-23 campaign, tallying five goals and 11 assists in all competitions, up from six goals and four assists last season. Grealish's transfer fee is the most for an English player ever. 9. Antoine Griezmann: $129 million Barcelona activated Antoine Griezmann's $129 million buyout clause from Atletico Madrid in 2019. However, Griezmman's time in Barcelona didn't last long, as he returned to Atléti on loan in 2021 after two unsuccessful seasons at the Camp Nou. Atléti made the transfer permanent in 2022 by paying $21 million for Griezmann, $108 million less than what Barcelona paid for him two years prior. Griezmann contributed 35 goals and 17 assists in 102 appearances for Barcelona. 8. Enzo Fernandez: $130.5 million Coming off of winning the FIFA Young Player Award at the 2022 FIFA World Cup in Qatar, Enzo Fernandez secured a $130.5 million transfer from Benfica to Chelsea in January. While the 22-year-old wasn't able to turn Chelsea's season around, he was one of the few bright spots for the Blues during a season in which they finished 12th in the English Premier League. 7. Joao Felix: $137 million Joao Felix's $137 million move from Benfica to Atlético Madrid was historic for both clubs, as it was Benfica's biggest sale in club history and Atlético's biggest-ever transfer. Unfortunately, Felix hasn't made much history in Madrid outside his price tag. While the 2019 Golden Boy-winner helped Atléti lift its first La Liga trophy in seven years in 2021, injuries and disagreements with the club's legendary manager Diego Simeone have prevented him from living up to his price tag. Felix spent the second half of the 2022-23 campaign on loan at Chelsea, and spent the 2024-25 season on loan with the Italian club AC Milan. 6. Ousmane Dembele: $145 million When Ousmane Dembele was healthy, the $145 million transfer fee Barcelona paid to acquire him from Borussia Dortmund in 2017 looked completely justified, but injuries made the deal difficult to evaluate. Because while he won three La Liga titles and three domestic cups in six years at Barcelona, he was sidelined for the high and lows the clubs has experienced in that time. His final season at Barcelona was arguably his most impactful, as he contributed five goals and seven assists en route to a La Liga title. Dembele ultimately transferred to Paris Saint Germain in 2023, and has since had a resurgence, helping the team to two league titles and winning the UEFA Champions League trophy in 2025. 5. Philippe Coutinho: $145 million The fifth-most expensive transfer in soccer history is also one of the worst. Pegged as the perfect replacement for club legend Andres Iniesta, Philippe Coutinho transferred to Barcelona from Liverpool for a fee of $145 million in 2018. What followed was the nightmare scenario for Barcelona. Coutinho, Barcelona's most expensive player of all time, played only one full season for the club before he was loaned out to FC Bayern before the start of his third season. Coutinho returned to Barcelona for the 2020-21 season, but a season-ending knee injury limited him to just 14 appearances in all competitions. In January 2022, Coutinho transferred to Premier League club Aston Villa for $26 million. Coutinho ended his Barcelona career with 25 goals and 14 assists in 106 appearances with Barcelona. With Liverpool, he had 54 goals and 45 assists in 201 appearances. 4. Moises Caicedo: $146 million The Ecuador midfielder's move was previously the most expensive deal by a British club, with Chelsea buying him from Brighton in August 2023, before Liverpool purchased Florian Wirtz. Caicedo appeared in 38 matches for Chelsea this past season, helping the team keep 11 clean sheets while finishing fourth in the English Premier League. 3. Florian Wirtz: $156 million (if add-ons achieved) Wirtz is one of the brightest young stars in world soccer. As a 20-year-old, he had 11 goals and 11 assists in 32 matches as he helped Bayer Leverkusen win its first Bundesliga league title. He followed that up with a 10-goal, 12-assist season as Leverkusen finished second in the Bundesliga and also made it to the Knockout Stage of the UEFA Champions League. Because of the lofty price tag, Wirtz will have loads of pressure on him when he arrives at Liverpool and slots in next to Alexis Mac Allister and Ryan Gravenberch in The Reds' midfield. 2. Kylian Mbappe: $194 million In hindsight, $194 million feels like a steal for a player of Kylian Mbappe's caliber. Though the 24-year-old did not win the Champions League with Paris Saint-Germain, he brought a record five consecutive Ligue 1 titles and eight domestic cups to the club since joining them from Monaco in 2017. He was also named Ligue 1 Player of the Year four times as a PSG player. In March of 2023, Mbappe passed Edinson Cavani's to become PSG's all-time leading goalscorer, and he did it in 54 fewer games. After seven seasons with PSG, Mbappe transferred to Real Madrid. 1. Neymar: $239 million It was always going to be difficult for Neymar to live up to the $239 million price tag that PSG paid Barcelona for his talents in 2017, but injuries made it even harder for him to justify it. He wasn't able to bring PSG its Champions League victory. Still, he had an outstanding career with the club, recording 118 goals and 77 assists in 173 appearances, and winning 13 trophies in six years. FOLLOW Follow your favorites to personalize your FOX Sports experience Kylian Mbappe Paris SG Ligue 1 recommended Get more from FIFA Men's World Cup Follow your favorites to get information about games, news and more

Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant
Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant

Yahoo

time9 hours ago

  • Yahoo

Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant

Jack Ma, the billionaire founder of Alibaba Group Holdings (NYSE:BABA), once offered a heartfelt roadmap for life, urging young people to embrace mistakes and older professionals to pass the torch. What Happened: In a candid talk, Ma outlined how people should approach their careers based on age, underscoring the importance of mentorship, experience and personal fulfillment. Before 30 years old, it's not which company you go to, it's which boss you follow, Ma said, adding, 'Before 30 years old, it's not which company you go [to], it's which boss you follow. It's very important, a good boss teaches you differently.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — He advised people in their 20s to be good students and embrace failure as growth. "Any mistake is an income, is a wonderful revenue for you," he said. "Make enough mistakes. Don't worry, you fall, you stand up," he stated and then telling young people to "enjoy the show." Between the ages of 30 and 40, Ma recommended thinking clearly about whether you're working for yourself. From 40 to 50, he urged people to focus on what they're already good at rather than trying something entirely new. After 50, Ma suggested shifting gears. 'Work for the young people because young people can do better than you. So rely on them, invest on them, making sure they're good.' And once you hit 60? "Spend time for yourself," he said. During the conversation, Ma also admitted regrets, including sacrificing time with family and losing privacy to public life. "If I have another life, I would never do things like this," he said. Why It's Important: According to Bloomberg's Billionaire Index, Ma currently has a net worth of $39.3 billion. Born in 1964 in Hangzhou, China, Ma began his journey as a self-taught English speaker who offered free tours to foreign visitors. After failing the college entrance exam twice, he graduated from Hangzhou Teachers College and worked as an English teacher, earning $15 a month. His exposure to the internet came during a trip to the U.S. in 1995, leading him to create China Pages, a web service for small businesses. He later founded in 1999 with $60,000 and 17 co-founders. A major deal in 2005 with Yahoo saw the U.S. company take a 40% stake in Alibaba for $1 billion, but tensions grew after Ma spun off Alipay in 2011 without Yahoo's approval. The dispute was settled, and in 2012, Ma agreed to buy back part of Yahoo's stake for $7.1 billion. Alibaba's IPO in 2014 became the world's largest. Despite his success, Ma expressed a desire to return to teaching. He stepped down as CEO in 2013 and as chairman in 2019. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Image via shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store